The Cortland-based firm McNeil & Co. announced yesterday (November 1) that it has officially been acquired by a leading global insurer called Arch Capital Group Ltd.
Specific terms of the deal were not disclosed, but things are set to be finalized later on this quarter.
McNeil & Co. says it will keep its identity and continue operating in Cortland as a standalone affiliate of Arch.
The new acquisition builds on an already 17-year partnership between the two firms.
Arch Chairman and CEO Nicolas Papadopoulo says his company remains committed to Cortland and will continue to expand McNeil’s support of the community.
More information can be found at McNeilandCompany.com.